Bought the house in 2020 and have lived in since. Up to date on payments. Have lived in house since 2020. Conventional fixed rate mortgage which was sold to Fannie Mae shortly after originating. Wanting to turn into r...
This is a 30 thousand feet overview of the process. Correct me if I"m wrong, then a couple questions at the end. Motivated Seller has a property in pre-foreclosureWe set up a Subject 2 agreement with the sellerWe pay...
For context, I am in the due diligence process of a quadplex in a C-class area. 2 bed/ 1 bath800 sq ftPP: $275kCap Rate: 7.5%This is my first attempt at BRRRRing a multifamily. Does anyone in the forum have past succe...
New landlord here...After researching, I'm still struggling to understand the allowable late fee, 10-day notice, and eviction timeline for the state of North Carolina...By law (in NC), you are not allowed to collect a...
Can you put a mortgaged property in an LLC? A single family or 1-4 unit. I was told that you cannot do so unless the property is paid off. True or not true?
I just finished my first rehab house, and I am about to put it on the market in oak forest IL. I will be doing many more flips and want to know if I need an LLC or an C corp? Dont really know where to start on this ...
Hi everyone,
my name is Denisha and although I am new to investing, I have aligned myself with a great company who is mentoring me through the process. I have always been intrigued by real estate investing bu...
Hi everyone,
I own a house that I plan on renting after I make some major repairs. Is a CL ad sufficient proof of intent for the IRS, or should I run a print ad before starting repairs?
Thank you!
I've been building my portfolio for a couple of years aiming at two things:- good tenant profile (working history, credit score, security deposit)- area reliability (easiness to rent, density of working options)I also...
Hello, I pulled a trigger - somewhat impulsively - last night at a meetup to make a purchase offer on a deal. I made a $2000 deposit on the spot. I think it's a classic, not too exciting but small and consistent buy-...